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Trump announces Chinese rollback of car fares







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                " China has agreed to lower and cancel tariffs for cars coming to China from the US. Currently, the tariff rate is 40%, "wrote Donald Trump on Twitter. Win McNamee / Getty Images </p>
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<p>  President Donald Trump announced on Sunday that China would" reduce and remove "its tariffs on American automobiles, one day after the white 1965) "China has agreed to lower and cancel tariffs for cars coming to China from the US Currently, the tariff rate is 40%," wrote the President. 19659004] on Twitter </u></a>. </p>
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No immediate confirmation of Trump's request, and the timetable for China's rollback on motor vehicle tariffs remains unclear.

Earlier this year, China lowered tariffs for Motor vehicles from 25 percent to 15 percent, but later increased the US rates in the wake of the escalating trade war, it is up to 40 percent It happened in response to Trump raising tariffs on Chinese cars from 2.5 percent to 27.5 percent.

US. Sales Representative Robert Lighthizer condemned China's trade policy last week as "particularly gross in motor vehicle tariffs," adding that he "will review all available tools to offset the tariffs applicable to vehicles." Lighthizer's office was not immediately available on Sunday. 19659004] The White House announced on Saturday night that US tariffs on Chinese goods valued at $ 200 billion will not rise to 25 percent on January 1, from 10 percent today. The news followed an approximately two-and-a-half-hour dinner meeting between Trump, Chinese President Xi Jinping and their respective trade delegations after the completion of the G-20 summit in Buenos Aires, Argentina.


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